Managers of Wealth Offshore

MPs approve land tax and stamp duty hikes

Additionally, stamp duty rates are to go up 5 per cent under amendments brought to the House.

March 2023 update for investment managers operating BVI domiciled fund structures and SPVs

Finally, it should be recalled that the EU’s mandatory disclosure regime, known as DAC6, may be triggered by EU based intermediaries (such as tax planners) dealing with entities on the EU blacklist, including BVI Funds.

Offshore energy workers call for public ownership in UK’s net-zero carbon transition

Coalition of workers, unions and climate campaigners aims to safeguard shift from fossil fuels to low-carbon energy sources

Deadline extended in response to technical issues for Guernsey online tax returns

The Revenue Service is very sorry for the disruption to online tax returns, and fully appreciates customers are rightly frustrated.

Tax deadline not to be confused with additional grace period

Express reached out to the States of Guernsey and the Revenue Service provided the following response:

Beyond the Pillars—Global Tax Policy in a Digitalizing World

Based on jurisdictions that have implemented or are implementing the Pillar Two global minimum tax, we estimate almost 90% of global multinational entities with revenue above 750 million euros ($794.9 million) will be subject to the minimum tax by 2025.

Governor: Income tax allows better targeting

“If you have the system designed correctly, and I’m speaking, frankly, about how we approach income taxation, it also makes it easier for government to provide the very direct and targeted assistance to families, as well as to be able to exemp

$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

The current effort to curb the legal corporate practice of using tax havens to avoid paying taxes began in June 2012

Tax havens are fuelling autocracy

As rising public debts and growing deficits force Western governments to look for new sources of revenue, tax havens are obvious targets.

P&R to proceed with corporate tax discussions

Taxes on corporate income make up 10% - approximately £50m - of Guernsey’s annual tax take

Rotarians hear of the battle in the corporate tax debate

Mr Cobham delivered remarks and fielded questions during the luncheon while on a ZOOM call from the UK.

Improvements to tax assessments promised

Sarah Davies, Head of Service Delivery, said both systems are operating simultaneously while the transfer is ongoing: “We're keeping the system synchronised and one of the regular data uploads just, for whatever reason, didn't happen&r

Big changes in payroll tax outlined in Budget

The island’s tax brackets will get redrawn, with a new category bringing them from four to five.

US sales tax rules: a quick guide for European companies

The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.

Tax: Option D and E added to the menu

Option D relies more heavily of savings and a phased approach to revenue raising measures.

BVI added to EU’s tax haven blacklist

The BVI has requested that a supplementary review of its compliance regime be done by the OECD Global Forum

The British Virgin Islands and the EU List of Non-Cooperative Tax Jurisdictions

The BVI has requested a supplementary review to more accurately reflect the current legislative status with a view to having the BVI removed from the list as soon as possible.

Four options for Tax debate

A personal allowance uplift of £400 has been added which Deputy Soulsby said will make the package more progressive, whilst modest tax increases will be levied against those earning more.

Falklands and Gibraltar in Spanish List of tax havens and alleged money laundering

The List was published last Friday by the Official Spanish Gazette, and “will be submitted to review according to international legislation and the different national advances”.

MACC calls in ex-minister over Pandora Papers

The leak made headlines worldwide and was called the Pandora Papers.